Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Media Tycoon Byron Allen Proposes $10 Billion Deal to Acquire Disney’s ABC, FX, and National Geographic Networks

by Crystal Gross
September 15, 2023
Reading Time: 1 min read
0
McDonald’s Reaches Settlement with Byron Allen in $10 Billion Racial Discrimination Lawsuit

(Photo by Greg Doherty/Getty Images for Entertainment Studios)

Share on FacebookShare on Twitter

Bryon Allen, a well-known media mogul, has propositioned Walt Disney Co. with what seems to be a good offer. For $10 billion, Allen would like to purchase its ABC network as well as FX and National Geographic.

A source close to the matter told CBS MoneyWatch that the deal would include ABC’s National TV network and several regional stations but added that it’s a “preliminary” offer that “could change” at any time.

The $10 billion figure is based on an estimation that the networks made $1.25 billion in earnings before interest, taxes, depreciation and amortization within the past year, the publication reported.

Allen’s proposal comes after Disney’s CEO Bob Iger previously said that the company was open to selling some of its television assets as consumers continue to move to streaming networks. Since then, the company has been in talks with potential buyers, including local broadcaster Nexstar, Bloomberg reported.

As per CBS reports, Disney grapples with financial challenges, with its streaming venture incurring substantial losses. Since the launch of Disney+ in 2019, the streaming service has already accumulated losses exceeding $11 billion. In the latest quarter alone, Disney reported losses amounting to $512 million.

 

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Malcolm-Jamal Warner on The Cosby Show's Legacy: "The Show Shed Light on Previously Ignored Black Middle Class Families"
Entertainment

Malcolm-Jamal Warner, Beloved ‘Cosby Show’ Star, Dies at 54 After Accidental Drowning in Costa Rica

July 21, 2025

Malcolm-Jamal Warner, the actor who became a household name as Theo Huxtable on The Cosby Show, has passed away at...

Keith McAllister
News

Long Island Man Tragically Dies After MRI Machine Pulls Him In Over Heavy Chain Necklace

July 21, 2025

Keith McAllister, 61, tragically died after a freak MRI accident at Nassau Open MRI in Westbury, New York, leaving his...

Trump obama
News

Trump Posts AI Video Showing Barack Obama Arrested [Video}

July 21, 2025

Donald Trump is making headlines again—this time for posting a viral AI-generated video showing former President Barack Obama being arrested...

Iran Vows Retaliation After Trump Orders Airstrikes on Nuclear Sites: “Everlasting Consequences”
News

Trump Threatens to Block New Washington Commanders Stadium Unless Team Reverts to Old Name

July 21, 2025

Donald Trump is making waves in the sports world after threatening to derail plans for a new Washington Commanders stadium...

Next Post
Ashton Kutcher Resigns From His Anti-Child Sex Abuse Organization Following Outrage For His Support Of Danny Masterson

Ashton Kutcher Resigns From His Anti-Child Sex Abuse Organization Following Outrage For His Support Of Danny Masterson

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d